ALAB vs. FLEX
ALAB (Astera Labs, Inc.) and FLEX (Flex Ltd.) are both stocks. Both are in the Technology sector — ALAB in Semiconductors, FLEX in Electronic Components. Over the past year, ALAB returned 309.17% vs 247.11% for FLEX. At a 0.49 correlation, their price movements are largely independent.
Performance
ALAB vs. FLEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ALAB achieves a 120.70% return, which is significantly lower than FLEX's 147.78% return.
ALAB
- 1D
- -0.09%
- 1M
- 57.79%
- YTD
- 120.70%
- 6M
- 146.66%
- 1Y
- 309.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLEX
- 1D
- -1.50%
- 1M
- 8.60%
- YTD
- 147.78%
- 6M
- 117.60%
- 1Y
- 247.11%
- 3Y*
- 116.67%
- 5Y*
- 71.04%
- 10Y*
- 35.66%
ALAB vs. FLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ALAB Astera Labs, Inc. | 120.70% | 25.60% | 152.00% |
FLEX Flex Ltd. | 147.78% | 57.38% | 42.13% |
Correlation
The correlation between ALAB and FLEX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | 0.49 |
Fundamentals
ALAB:
$66.51B
FLEX:
$55.99B
ALAB:
$1.48
FLEX:
$2.33
ALAB:
247.31
FLEX:
64.26
ALAB:
66.09
FLEX:
2.03
ALAB:
44.52
FLEX:
10.88
ALAB:
$1.00B
FLEX:
$27.91B
ALAB:
$760.99M
FLEX:
$2.57B
ALAB:
$253.12M
FLEX:
$1.66B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ALAB vs. FLEX — Risk / Return Rank
ALAB
FLEX
ALAB vs. FLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astera Labs, Inc. (ALAB) and Flex Ltd. (FLEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALAB | FLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.60 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 13.34 | -8.50 |
| Martin ratioReturn relative to average drawdown | 9.53 | 31.62 | -22.09 |
Loading charts...
Drawdowns
ALAB vs. FLEX - Drawdown Comparison
The maximum ALAB drawdown since its inception was -63.69%, smaller than the maximum FLEX drawdown of -96.37%. Use the drawdown chart below to compare losses from any high point for ALAB and FLEX.
Loading charts...
Drawdown Indicators
| ALAB | FLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.69% | -96.37% | +32.68% |
Max Drawdown (1Y)Largest decline over 1 year | -60.19% | -18.38% | -41.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.02% | — |
Current DrawdownCurrent decline from peak | -0.09% | -7.55% | +7.46% |
Average DrawdownAverage peak-to-trough decline | -29.48% | -55.27% | +25.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.50% | 7.74% | +22.76% |
Volatility
ALAB vs. FLEX - Volatility Comparison
Astera Labs, Inc. (ALAB) has a higher volatility of 32.05% compared to Flex Ltd. (FLEX) at 19.36%. This indicates that ALAB's price experiences larger fluctuations and is considered to be riskier than FLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ALAB | FLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.05% | 19.36% | +12.69% |
Volatility (6M)Calculated over the trailing 6-month period | 70.52% | 50.61% | +19.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.04% | 61.43% | +34.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.49% | 47.26% | +46.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.49% | 45.86% | +47.63% |
Dividends
ALAB vs. FLEX - Dividend Comparison
Neither ALAB nor FLEX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ALAB Astera Labs, Inc. | 0.00% | 0.00% | 0.00% |
FLEX Flex Ltd. | 0.00% | 0.00% | 21.00% |
Financials
ALAB vs. FLEX - Financials Comparison
This section allows you to compare key financial metrics between Astera Labs, Inc. and Flex Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ALAB vs. FLEX - Profitability Comparison
ALAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported a gross profit of 235.14M and revenue of 308.36M. Therefore, the gross margin over that period was 76.3%.
FLEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported a gross profit of 702.00M and revenue of 7.48B. Therefore, the gross margin over that period was 9.4%.
ALAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported an operating income of 61.83M and revenue of 308.36M, resulting in an operating margin of 20.1%.
FLEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported an operating income of 372.00M and revenue of 7.48B, resulting in an operating margin of 5.0%.
ALAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported a net income of 80.31M and revenue of 308.36M, resulting in a net margin of 26.0%.
FLEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported a net income of 250.00M and revenue of 7.48B, resulting in a net margin of 3.3%.
Frequently Asked Questions
ALAB and FLEX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALAB has higher volatility (32.05%) compared to FLEX (19.36%). In terms of maximum drawdown, ALAB dropped -63.69% vs FLEX's -96.37%.
FLEX currently has the higher Sharpe Ratio (3.99 vs 3.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ALAB and FLEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer